5 Great Foreclosed Homes for Sale

Foreclosure Gems

Home foreclosures once again rose this summer, with banks repossessing more than 92,000 homes in July — an increase of 4% from June. But this cloud has a silver lining: thousands of foreclosed homes are available at cut-rate prices, and the average foreclosure sales price dropped 2.3% between June and July, according to RealtyTrac.
Here are five foreclosed homes that can be had for cheap. We've also compared the prices to median list price data from Zillow.com.
Photo Credit: respres

Detroit

This lovely three-bedroom, two-bathroom home is located on a quiet street just outside of Grosse Pointe Park, an affluent suburb of Detroit. With a playground across the street and Lake St. Claire just a few blocks away, it’s a steal at just $88,400.
Median List Price (Grosse Pointe Park): $249,000
Listing can be found at Chase Bank property search.
Photo Credit: Chase

Chicago

Located on the southwest side of Chicago, this brick home was built in 1950 and features hardwood floors and a furnished basement. It has three bedrooms and three full baths, and is up for sale by Fannie Mae for $164,900.
Median List Price (Chicago): $259,900
Listing can be found here.
Photo Credit: Fannie Mae

Las Vegas

If you can get over the fact that you live on “Morning Sorrow Street,” this three-bedroom home in a quiet southeast Vegas subdivision will cost you just $103,900.
Median List Price (Las Vegas): $144,000
Listing can be found here.
Photo Credit: Bank of America

Port Saint Lucie, Fla.

Built in 2005, this gorgeous four-bedroom home has a sprawling front yard and two-car garage. It’s available now for just $142,975.
Median List Price (Port St. Lucie): $123,000
Listing can be found here.
Photo Credit: Preo.us.com

Atlanta

This four-bedroom, 2,178-square-foot home in the quiet outskirts of Atlanta is for sale by Chase Bank for $124,300.
Median List Price (Atlanta): $199,000 (Source: Zillow.com)
Listing can be found at Chase Bank property search.
Photo Credit: Chase

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Photo Credit: psd